Your home is probably the biggest asset you own. This is why you should hire a professional REALTOR® to guide you. I help 24 to 28 families each year buy or sell a home. I have been a financial & real estate consultant for the past 30 years and specialized in loan loss mitigation, short sale negotiation and REO marketing. I know how to negotiate contracts & navigate through the most difficult transactions.
Chris B Johnson CalBRE 01501699-Allison James Estates & Homes CalBRE 01885684

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Wednesday, June 20, 2012

Are Buyers Interested In Buying A Ventura County Short Sale Property?

Ventura County CA – Are you thinking about buying a short sale? Many people would gasp, or look at you sympathetically, if you told them you were buying a short sale.

Some of them would probably warn you about the drawbacks of buying a short sale - one of which would be the waiting period for the short sale to be approved by the mortgage holder.

There is usually an agreement between the home seller and their mortgage holder whereby the mortgage holder agrees to accept the lesser amount than what is owed.

Despite the bad reputation of short sales, a number of buyers are actually interested in short sales. They call and say that they are interested in buying a short sale.

In other situations a buyer falls in love with a home and decides to wait for the short sale to be considered by the lender. This often happens with unique properties.

In one situation we helped a couple short sell a property with a 10 stable horse barn. The property was perfectly setup for horses. Now, this wouldn't matter to someone who doesn't own horses.
But, it was perfect for this buyer and they agreed to wait out the short sale process in the hope of their offer being accepted. Other buyers are interested in good deals.

They know that a short sale can represent a good buy compared to other properties. Yes, short sales do attract fewer buyers than non short sale properties.

But, at the end of the day we can work around that issue those and still successfully short sell your home. Every short sale property we have listed for sale did receive an offer from a buyer.
If you must sell your home and you owe more than it is worth, then a short sale is usually your best option to do so. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Ventura County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.
For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.
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Income Property Info Click here.

About Me

Chris B. Johnson REALTOR® Specializes in Luxury Estates and Home Auctions. Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve. I believe in Quality, NOT Quantity.